The Goldman Sachs Group Forecasts Strong Price Appreciation for Jack Henry & Associates (NASDAQ:JKHY) Stock

Jack Henry & Associates (NASDAQ:JKHY) had its target price increased by equities researchers at The Goldman Sachs Group from $155.00 to $175.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 9.39% from the company’s current price.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods dropped their target price on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. DA Davidson cut their target price on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Wells Fargo & Company raised their target price on Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Royal Bank Of Canada cut their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $177.25.

Jack Henry & Associates Trading Down 1.9%

NASDAQ:JKHY traded down $3.10 during mid-day trading on Friday, hitting $159.99. The company had a trading volume of 348,673 shares, compared to its average volume of 739,471. Jack Henry & Associates has a 1 year low of $144.12 and a 1 year high of $196.00. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.74 and a beta of 0.76. The business has a fifty day simple moving average of $154.65 and a 200-day simple moving average of $168.04.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm had revenue of $644.74 million for the quarter, compared to analyst estimates of $634.42 million. During the same quarter in the previous year, the business posted $1.63 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts anticipate that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. NEOS Investment Management LLC bought a new stake in Jack Henry & Associates during the 3rd quarter worth about $222,000. GSA Capital Partners LLP lifted its holdings in shares of Jack Henry & Associates by 5.6% in the third quarter. GSA Capital Partners LLP now owns 4,175 shares of the technology company’s stock valued at $622,000 after purchasing an additional 221 shares in the last quarter. Phillips Wealth Planners LLC raised its holdings in shares of Jack Henry & Associates by 8.2% in the third quarter. Phillips Wealth Planners LLC now owns 1,743 shares of the technology company’s stock valued at $257,000 after purchasing an additional 132 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Jack Henry & Associates by 55.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 675,529 shares of the technology company’s stock valued at $100,609,000 after acquiring an additional 240,548 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its position in shares of Jack Henry & Associates by 29.7% during the 3rd quarter. Missouri Trust & Investment Co now owns 402 shares of the technology company’s stock worth $60,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.